Which of the following statements is not a conclusion drawn by Jensen (1988)based on US evidence?
A)Actions by managers that prevent mergers are the most likely to be harmful to shareholders.
B)Takeover gains do not result from the creation of monopoly power.
C)Takeovers often waste credit or resources.
D)None of the given options.

Question

Quizplus · Accepted Answer

Jensen (1988) did not conclude that takeovers often waste credit or resources; rather, he suggested that takeovers can be a mechanism for reallocating resources to more efficient uses.

Which of the Following Statements Is Not a Conclusion Drawn